charge

1. (1) (in UKLR ) (in relation to securitised derivatives) means any payment identified under the terms and conditions of the securitised derivatives.
1. (2) (except in UKLR ) any fee or charge made to:
   1. (a) a client in connection with designated investment business; or
   1. (b) a customer in connection with any insurance distribution activity in respect of a non-investment insurance contract;

whether levied by the firm or any other person, including a mark-up or mark-down.